The Zoo scan

Weekly roundup of the business of general practice

Thursday 24 September 2026

Two items from the week to 24 September, on a quiet week for practice deals. Heidi, the Melbourne AI scribe used across general practice, raised $475 million and is now valued at $1.26 billion. And the health department named Healthdirect the front door to its new Medicare Thriving Kids service. Eight listings are on the market and three clinics opened.

Proxeno has launched

The data-led transaction platform for buying and selling Australian general practices.

Visit proxeno.io
The herd · market and workforce
Heidi raises $475m at a $1.26 billion valuation Confirmed

Heidi, the Melbourne AI scribe used in many Australian consult rooms, raised $475 million in September and is now valued at $1.26 billion. The round pairs a $140 million Series C led by Blackbird with a $335 million growth investment from the US firm General Catalyst, taking Heidi's total raised past $600 million. For a practice owner, the software layer the consult room now runs on is venture-backed and consolidating, and the pricing and data terms behind it follow that capital.

September 2026 raise; valuation $1.26 billion; total raised over $600 million
GP practices on the market Confirmed

New South Wales

  • Sydney, a fully equipped medical centre with long lease terms. $200,000. BusinessForSale
  • Penrith, an accredited medical centre. $75,000. BusinessForSale

Victoria

  • Melbourne's north-west, a long-standing GP practice. $500,000. BusinessForSale

Queensland

South Australia

  • A long-established surgery with a retiring doctor and an established patient list. BusinessForSale

Allied health

  • Tasmania, a cosmetic medical clinic. $950,000 plus stock. BusinessForSale
  • Liverpool, in western Sydney, a dental clinic sold with a medical centre. $1,000,000. BusinessForSale
New practices past 2 weeks Confirmed
  • Tallawong, NSW, 1 GP, Tallawong Village Medical Centre, a bulk-billing general practice beside Tallawong Metro, opened 21 September 2026. Practice website
  • Buckland Park, SA, 2 GPs, Riverlea Medical Hub, a bulk-billing general practice for the new Riverlea community, opened 21 September 2026. Practice website
  • Winchelsea, VIC, 1 GP, Surf Coast Superclinic, a 100% bulk-billing general practice on Main Street, opened 15 September 2026. Practice website

The GP openings monitor carries the full index: 34 independent practices and 11 group-operator sites tracked since early August, with confirmed opening dates where practices publish them.

Habitat · policy and regulatory watch
Healthdirect wins the Thriving Kids front door Confirmed

The health department has named Healthdirect the delivery partner for Medicare Thriving Kids, the phone and digital 'front door' for parents worried about a child's development, through a closed non-competitive grant. Built from Healthdirect's Pregnancy, Birth and Baby line and modelled at more than 230,000 contacts a year, it takes on a stream of early-childhood developmental queries that general practice has traditionally been the first stop for. No diagnosis is required to use it.

Closed non-competitive grant; part of a $120.9 million over five years measure; no diagnosis required
Fresh tracks · what we're watching
  1. Bupa and Partnered Health at the ACCC. Bupa's purchase of the medical centre group Partnered Health is in Phase 1 review (MN-50028); public submissions closed on 21 September and no determination has issued. It is the competition test of a health insurer buying a national primary care operator. ACCC acquisitions register
  2. Foreign investment conditions. Treasury's review of the conditions it attaches to foreign investment approvals closed on 15 September, tax conditions first, with no outcome published; approval is a gate any offshore buyer of an Australian practice must clear. Treasury, foreign investment review
  3. Pacific Equity Partners and the radiology giants. PEP's exclusivity over Perth Radiological Clinic sits alongside its ongoing Qscan pursuit, with no new development this week. Imaging remains the nearest vertical where the multiples are set in public. AFR Street Talk, 9 September 2026
  4. Dental Boutique seeks a growth partner. The dental group Dental Boutique is still reported to be seeking a growth partner at a valuation above $500 million, one more read on what the funds buying health verticals will pay. AFR Street Talk, 30 August 2026
  5. Healthscope changes hands. The Calvary-led consortium that won control of the collapsed hospital operator Healthscope is due to complete by 30 November, with lenders recovering about 40 cents in the dollar. For a practice owner it is a read on how a forced health-sector sale is priced. realestatesource, 14 September 2026

Talk to the people who track this market

Own a practice and thinking about your exit, this year or in three? Write to kate.marie@mediusglobal.com.au, in confidence.

Buying, lending or researching? The full operator dataset behind the Zoo is licensed: get the full data.